Okay, You've Got Bad Credit, and Don't Want a Payday Loan

If you're looking for a bank, finance company or credit card company that's willing to give you credit, good luck. There's a couple things you need to consider before shopping for credit.

1. Apparently you need the money. Most lending companies want to know why you need the money. They do this to decide if your reason to need the money is sound. They're worried about risk here.

2. Credit reports say a lot. Most financial companies consider your credit rating from TransUnion or Experian or Equifax, the top three credit bureaus. If you have had a problem not making payments on time or at all, lenders wonder how you can make payments to them.

3. Ability to pay. Banks and most other lenders look at your income to decide if you're able to afford taking on another loan.

If you're trying to get back at your feet and have developed a plan to get you out of debt, there are some banks that are willing to consider you for loan. Many however will simply turn down your loan request. This is probably where you are right now.

One idea you might consider is to take control of your finances. Call each of your credit card and other lenders and tell them your situation. Don't make promises you cannot keep. The key here is to be prepared. Have your budget ready and know how much money you can pay to each creditor.

Ask for a lower monthly payment, a lower interest rate are no more interest and forgiveness of some of the interest that has already accumulated. Remember that once you have that agreement, get it in writing before making any payments. Collection departments are notorious for agreeing to something then not documenting it.

Using this strategy, you will be able to significantly lower the amount of money needed for payments and also get you out of debt, much faster.

If however you need a loan fast and have bad credit, maybe a payday loan is what you need. I know they aren't the best options but it may be one of the fastest ones short term. Despite what the federal government and so-called consumer groups want you to believe, these loans can be a cost effective and almost cheap way of helping in the short term cash crunch.

The federal government wants you to believe that a payday loan is very expensive because they figure the interest rate over a period of a year and come up with an annual percentage rate or APR. yes, the APR is high, but doesn't tell the complete story. Who else will loan you $100 dollars for a week and only charge you 7 bucks? Use the extra hundred bucks, whatever way you want and pay only about a dollar a day in interest costs.

You need to notice that the federal government in these "consumer groups" aren't offering to help you out with your problem. All they're doing is complaining about the companie that ARE willing to front you the money you need.

These are actually a cheap way of getting an advance on your paycheck. Many pay day lenders charge an interest fee of about a dollar a day. For this cost they will transfer $100 cash directly into your checking or savings account. REMEMBER that the terms for guaranteed payday loans are different depending on the company but a dollar a day per 100 dollars loan is a good rule of thumb. Borrow 100 bucks for a week and be charged 7 dollars. Despite what the government says, this isn't a high price for quick service when you really need it.

Notice too that the feds and consumer groups don't complain a lot about how banks charge $25-$35 or more in fees if you bounce a check. Bounce a $10 check and you end up paying not only the $10, but also a $35 dollar fee to your own bank, and they want their money now. This is a much higher cost as an annual percentage rate than any payday lender would charge.

Scroll down to the bottom of this page and there's a link to a company that will give you your first loan with no interest regardless of your bad credit situation. It may buy you some time while looking for other financing options. Maybe a bad credit pay day loan can be used as part of your overall financial strategy to get control of your finances.

And because these loans can be completed almost instantly, there's no need to have a guarantee. To get started, you need to complete a short online money request application. If you have a job and a bank account you qualify. It's just that simple

OK, here's the Scoop.
Scroll down and click on the links below and get your first payday loan even with bad credit at no interest! I found a company (and possibly others in the report!) that are willing to give you your first quick payday advance at no cost.

What could be better or easier than that?

Although not a way to plan for long term financial stability, these quick cash payday advances can help when you really need it.

You need to do 2 things.

1. Get the latest list of payday loan offers that want to give you the first loan without interest! For the latest list, click here ... FREE payday loan list. The list will change as other offers come up.

2.You want to Bookmark this site check back regularly because things are always changing in the financial world and when new offers come up, you want to know about them as soon as possible. This is the place to find any new financial and credit options for us ordinary people.

bad credit no payday loan

Payday - the day on which you receive pay for your work.

Loan shark - one who lends money at exorbitant interest rates, especially one financed and supported by an organized crime network.

Unsecured loan - a loan not guaranteed or protected as to payment, performance, or satisfaction by a security interest or by property given or pledged as security.

Payday loan or cash advance - a small, short-term loan (typically up to $500) without a credit check that is intended to bridge the borrower's cashflow gap between pay days.